• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Dfcu Bank Ordered to Vacate All Sudhir’s Properties Within 3 Months 

Stephen Kalema by Stephen Kalema
2 years ago
in Business, Companies
74 3
Dr Sudhir Ruparelia

Dr Sudhir Ruparelia

ShareTweetSendShare

In a groundbreaking verdict, dfcu Bank has been directed to vacate a set of prime properties owned by Mera Investments within the coming three months.

Mera Investments is owned by prominent  businessman Sudhir Ruparelia.

This momentous ruling was issued by Justice Tadeo Asiimwe, a distinguished Land Division Judge at the High Court, following an extended legal battle over property rights.

Alongside the eviction notice, the bank has been mandated to provide a staggering compensation of Shs2.4 billion to Mera Investments, the plaintiff, for the damages sustained during their pursuit of Justice. The awarded sum will accrue an 8 per cent annual interest from the date of the judgment until paid in full.

The ruling, handed down on Thursday, represents a significant turning point in a legal feud that has held the nation’s attention for an extended period. Mera Investments, a prominent real estate firm owned by Real Estate Magual, had staunchly asserted its ownership rights over these sought-after properties, some of which are nestled in the heart of the city.

The plaintiff had initiated this legal action against the defendants, namely dfcu Bank and the Commissioner of Land Registration, for their alleged illegal and fraudulent sale and possession of 48 leasehold properties. Mera Investments based its claims on its status as the registered proprietor and lessor of 48 Mailo and freehold titles, from which the lease agreements in question stemmed.

The battle centred around the possession of these properties, and the subsequent transfer of titles and lease possession in favour of dfcu Bank. In contrast, dfcu Bank refuted these allegations, maintaining that they had lawfully acquired their interest in the 48 leasehold properties through a purchase from the Bank of Uganda as a receiver of Crane Bank Limited.

Furthermore, the bank argued that no consent was required from Mera Investments before the transfer or the taking of possession of the disputed properties, as the transfer was executed under the provisions of the Financial Institutions Act.

dfcu Bank denied any involvement in illegal or fraudulent activities during the acquisition of the properties and cited the pleadings of Crane Bank Limited (in Receivership) to support their stance.

However, in a landmark decision, Justice Asiimwe ruled that the transfer of leasehold titles had flagrantly disregarded the statutory rights and powers of the lessor, deeming it illegal. He stipulated that the registration of DFCU Bank as the first defendant was procured illegally and thus liable to be cancelled.

Furthermore, Justice Asiimwe found that dfcu Bank became a trespasser on the land in January 2017, and the certificates of titles for the leased properties were obtained illegally and fraudulently, warranting their cancellation due to fraud and illegality.

The judge also recognised the need for general repairs and replacements within the properties and ordered dfcu Bank to vacate the premises within three months from the date of the judgment, after restoring them to a tenantable condition at their expense.

Moreover, acknowledging that Mera Investments had suffered financial losses and could not generate income from its properties during the dispute, the judge awarded them a total of Shs2.4 billion as general damages, with an 8 per cent annual interest from the date of the judgment until paid in full.

This decision represents a significant legal precedent and is anticipated to have broad implications for both the real estate industry and the legal landscape at large.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share15Tweet10SendShare

Related Posts

Pearl Tower Business Park owned by Uganda's richest man Sudhir Ruparelia is now complete.
Business

A Tour of Pearl Business Park: Kampala’s Pinnacle of Progress and Prestige

16th July 2025 at 01:43
Business

Rotary New Year Launch Kicks Off with Grandeur at Speke Resort Munyonyo

16th July 2025 at 01:30
Maama Janet and President Museveni visited Mrs. Fausta Nalweyiso on Monday in Kibumbiro, Busega. The President praised her dedication to the Parish Development Model through her piggery project which he found very impressive.
Agriculture

MIKE SSEGAWA: Museveni’s PDM Tour; A Journey of Connection and Transformation

14th July 2025 at 22:49
Next Post
Teamwork Homecare's Founder and CEO Julius Habumugisha in the middle with some of his staff outside their offices

Teamwork Homecare professionalizing home based medical care 

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1145 shares
    Share 458 Tweet 286
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    60 shares
    Share 24 Tweet 15
  • Who is Bosco Muwonge, Uganda’s elusive real estate billionaire?

    44 shares
    Share 18 Tweet 11
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2293 shares
    Share 917 Tweet 573
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    129 shares
    Share 52 Tweet 32
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

President Museveni pledges Shs1 billion per ghetto structure in Kampala 

19th July 2025 at 12:44
Mashable is a global, multi-platform media and entertainment company For more queries and news contact us on this Email: info@mashablepartners.com

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is the undisputed king of Kampala

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

President Museveni pledges Shs1 billion per ghetto structure in Kampala 

19th July 2025 at 12:44

Hundreds Flood Social Media to Congratulate Hon. Milly Babalanda on Budiope West NRM Primary Victory

19th July 2025 at 11:15

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda